REGISTERED NUMBER: 03373981 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Vital Innovations Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

D J Tollman

S P Tollman

SECRETARY:

S P Tollman

REGISTERED OFFICE:

c/o Parker Cavendish, Suite 301

Stanmore Business and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

REGISTERED NUMBER:

03373981 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

Suite 301, Stanmore Business

and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

FIXED ASSETS

Property, plant and equipment

4

20,568

22,035

CURRENT ASSETS

Inventories

1,151,702

883,304

Debtors

5

1,601,856

1,364,150

Cash at bank

3,532

93,632

2,757,090

2,341,086

CREDITORS

Amounts falling due within one year

6

(2,342,764

)

(1,995,436

)

NET CURRENT ASSETS

414,326

345,650

TOTAL ASSETS LESS CURRENT LIABILITIES

434,894

367,685

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

434,794

367,585

SHAREHOLDERS' FUNDS

434,894

367,685

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

D J Tollman - Director

1.	STATUTORY INFORMATION

Vital Innovations Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings

-

straight line over the life of the lease

Plant and machinery etc

-

25%-33% straight line basis

Stocks

Stock is valued at the lower of cost and net realisable value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Product development

The costs of product research and development are charged to the profit and loss account over a three year period in which time the directors reasonably expect the company to generate income.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2024 - 23 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

64,185

232,884

297,069

Additions

-

9,020

9,020

At 31 March 2025

64,185

241,904

306,089

DEPRECIATION

At 1 April 2024

52,468

222,566

275,034

Charge for year

1,931

8,556

10,487

At 31 March 2025

54,399

231,122

285,521

NET BOOK VALUE

At 31 March 2025

9,786

10,782

20,568

At 31 March 2024

11,717

10,318

22,035

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

897,672

942,405

Amounts owed by group undertakings

262,646

88,469

Amounts owed by associates

109,164

92,861

Other debtors

48,295

29,320

Prepayments & accrued income

284,079

211,095

1,601,856

1,364,150

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

305,474

-

Trade creditors

488,877

683,681

Amounts owed to group undertakings

1,264,079

1,039,115

Taxation and social security

80,052

82,054

Other creditors

204,282

190,586

2,342,764

1,995,436

7.	SECURED DEBTS

The company's bank borrowings are secured by way of a fixed and floating charge over the company's assets.